The Pakistan Stock Exchange (PSX) rallied for the second day in a row, with the benchmark KSE-100 Index gaining 299.82 points (+0.66 percent) to close at 45,674.50 points on Tuesday.
The market opened on a positive note and main-tained its positive trend throughout the session. The expectation of revival of the International Monetary Fund (IMF) programme for the $6 billion extended fund facility (EFF) kept the investors’ confidence high. The IMF will discuss Pakistan’s case on Wednesday (February 2) and the programme revival seems imminent, as the government has met all key conditions.
Moreover, the news about the Federal Board of Revenue’s collection of Rs3,352 billion revenue during the first seven months of the financial year 2021-22, exceeding the target of Rs3,090 billion by Rs262 billion, also provided a positive trigger.
The KSE-100 Index moved in a range of 384.71 points, showing an intraday high of 45,754.17 points and a low of 45,374.68 points, which was the last session’s closing point.—TLTP
